Ethereum L2s now hold $37.4B TVL – Base, Arbitrum, and Optimism lead the charge

Ethereum's Layer 2 solutions hold $37.4 billion in Total Value Locked, led by Base, Arbitrum, and Optimism. The network's weekly transaction count has reached 1.8 million, with median fees at $0.008. Ethereum's scaling upgrades appear to be working, with increased activity on Layer 2 solutions.